Kohl’s E-commerce Grows, Gap Prepares Japan Site, Proposed Blockbuster Sale Protested
Kohl’s expects to achieve $1 billion in e-commerce sales in 2011, according to
The retailer credits a broadened assortment and aggressive marketing, and plans to open its third e-commerce fulfillment center later this year to help support internet sales growth.
E-commerce & Multichannel Retailing
- As the retailing landscape in Japan becomes increasingly competitive, US clothing retailer Gap Inc. is gearing up to launch its long-awaited e-commerce site there and plans to bring its lower-priced Old Navy chain to the market.
- Tesco is considering using its network of convenience stores for a click & collect service, allowing customers to collect orders made at its Tesco Direct non-food e-commerce site from one of its around 1,400 Tesco Express and Metro outlets.
- Amazon Web Services (AWS) is introducing AWS CloudFormation, a new way for developers and businesses to create collections of related AWS resources and provision them in an orderly and predictable fashion.
Legal & Regulatory
- Blockbuster Inc.’s proposed sale benefits a group of lenders at the expense of all other creditors, said objectors including Walt Disney Co., Universal Studios, Yahoo! Inc., the U.S. Trustee’s office, landlords and a committee of unsecured creditors.
- Netflix expects to get from 30% to 80% subtitle viewing coverage by the end of 2011 in the US, with similar goals for Canada.
Marketing & Advertising
- Nordstrom and Disney Consumer Products (DCP) will celebrate the 45th anniversary of the “it's a small world” attraction at Disneyland park with a collection of children's apparel, accessories and footwear.
Stats & Research
- While no state exhibited strong economic confidence in 2010, the people of Washington, D.C., Hawaii, Iowa, and Maryland had the highest economic confidence; while at the other end of the spectrum, residents of West Virginia, Idaho, and Rhode Island were the least confident.
- The ratio of bank card borrowers 90 days or more late in paying their bills fell by more than 32% in Q4 2010, compared to a year earlier.
- Companies loosened the reins on spending while consumers showed some restraint during the holidays, according to the American Express Q4 2010 Spend Sights Report.
Promotions & Appointments
- Burger King Corp. said that it is changing its North American marketing operations, and Global Chief Marketing Officer Natalia Franco is leaving the company less than a year after she was hired.
- David Flanery has decided to retire as CFO of Papa John’s in May 2011 after serving the company for the past sixteen years, and Papa John’s has promoted Lance Tucker to succeed Flanery.